Gurit: decline in net sales but growth in operating margin in the first half of 2025

Gurit at JEC World 2025

Gurit announces that its unaudited net sales for the first half of 2025 is down 20.1% compared to the first half of 2024, at constant exchange rates. The Swiss company posted adjusted operating profit of CHF 9.3 million ($US11.6M), down from CHF 11.6 million in 2024 ($US14.47M), with an adjusted operating margin of 5.7%, up from 5.4% last year.

The company completed its restructuring process, which began last year due to volatility in the wind energy market, during the first half of 2025, notably with the appointment of Tobias Lührig as the new Chief Executive Officer. The aim is to implement a more diversified multi-market strategy. In particular, the group’s presence in the maritime and industrial markets is to be strengthened. This strategic reorientation has led to operational improvements and cost reductions, while also making the company more resilient.

Increased profitability for the Wind Materials division

As part of these strategic changes, Gurit divested its carbon fibre pultrusion business, which explains the decline in sales for the Wind Materials division, which fell by 22.9% compared to the first half of 2024 at constant exchange rates to reach CHF 105M ($US130.94M). However, the division’s profitability increased. In order to maintain it, the group is focusing on strengthening its relationships with its main Western customers and working on long-term agreements.

The Manufacturing Solutions division also saw a decline in net sales, which amounted to CHF 15.2 million ($US18.95M), representing a decrease of 24.5% compared to 2024, due to uncertainty among Western customers over the issue of customs duties imposed by the United States.

The Marine and Industrial department recorded net sales of CHF 44.6 million ($US55.62M), down by only 10.5%. In addition to the uncertainty surrounding US customs duties, this decline is mainly due to the postponement of a project to the fourth quarter of 2025.

With the completion of restructuring and strategic measures, Gurit expects a further improvement in operating profit in the second half of this year. For 2025, Gurit anticipates an adjusted operating margin similar to that of 2024 and expects net sales of around CHF 300M ($US374.11M).